What is the LIBOR interest rate?

The LIBOR interest rate is the average rate at which major London banks can borrow money from other banks on a given day. There are many LIBOR rates. The rates change every day.IdentificationLIBOR ...
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What is the meaning of LIBOR rate?

LIBOR stands for London Inter-Bank Offer Rate, which is the interest rate charged by banks to other banks for loans. The loans can be for terms from one day to five years. The LIBOR changes through...
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Can the LIBOR rate go negative?

Yes. The LIBOR, or London Interbank Offered Rate, is the rate at which banks lend money to each other overnight. Although it seems counter-intuitive that banks would give money to each other and lo...
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